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Hagel Steps Down, But Will Serve Until Successor In Place

President Barack Obama announced Monday that embattled Defense Secretary Chuck Hagel has resigned from his post, but will stay on until his successor has been confirmed.

  • FINRA Fines Citigroup $15M For Analyst Supervision Failures

    The Financial Industry Regulatory Authority on Monday said it has fined Citigroup Global Markets Inc. $15 million for failing to adequately supervise its equity market research analysts, whom the regulator said gave improper tips at so-called “idea dinners” with clients but weren’t adequately punished for violating the bank’s policies.

  • Britain's BT In Talks For $10B Mobile Provider O2

    British cable company BT PLC confirmed Monday it is in early takeover talks with a pair of U.K. mobile providers, including Telefonica SA's O2 unit, potentially setting up another blockbuster tie-up in a European telecom sector teetering toward mass consolidation.

  • Aereo's Gone, But Internet TV Is Here To Stay

    Aereo Inc. ended its three-year copyright battle with a bankruptcy filing, but the trend that the streaming startup so publicly represented — the increasing popularity of novel, Internet-based services for access to video content — isn't going anywhere.

  • $590M LBO Settlement Filed In Error, Judge Says

    A Massachusetts federal judge on Friday vacated a set of electronic orders granting final approval to $590 million in settlements in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and several other private equity firms teamed up to keep leveraged buyout prices low, just hours after issuing a set of orders approving the settlement and a request for attorneys’ fees.

  • Dewey Insurer Balks At Execs' Fees As Firm Tab Tops $35M

    Attorneys for the former leadership of Dewey & LeBoeuf LLP on Friday said the insurer behind a $15 million defense policy is refusing to pay their legal bills, and that top lawyers from the defunct firm have to date burned through $35 million in defense costs.